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Press Release11 December 2024Siemens AGMunich
Siemens invites to the 2025 Annual Shareholders' Meeting and proposes a new Supervisory Board member
Siemens AG
today published the notice for its next ordinary Annual Shareholders’ Meeting
on February 13, 2025. The Managing Board of Siemens AG has decided that the
Annual Shareholders’ Meeting will again be held as a virtual event. In
addition, the Supervisory Board has proposed the election of one new member.
“We are
looking forward to the 2025 Annual Shareholders’ Meeting and to interacting
with our shareholders globally. After another successful fiscal year, the
Siemens AG strategy is being well executed at a period of particular
geoeconomic turbulence. The company is strongly positioned for growth as a
leading technology company supporting customers with their digital and
sustainability transformations,” said Jim Hagemann Snabe, Chairman of the
Supervisory Board of Siemens AG.
“We achieved
yet another successful fiscal year 2024, creating significant value for all our
stakeholders. We look forward to engaging with our shareholders at the AGM and
highlighting how we will continue to accelerate value creation as a leading
technology company", said Roland Busch, President and CEO of Siemens AG.
When
deciding on the format of the 2025 Annual Shareholders' Meeting, the Managing
Board of Siemens AG took into account the interests of the company and its
shareholders, focusing in particular on the protection of shareholder rights as
well as effort and costs and sustainability considerations. With the virtual
Annual Shareholders’ Meetings 2023 and 2024, it has been possible to transfer
the main advantages of the face-to-face event to the digital format. There was
no need to submit questions in advance and shareholders and their
representatives had full rights to speak, ask questions and propose motions.
They were able to exercise these rights live at the Annual Shareholders’
Meeting without having to travel to and from the venue, saving resources and ensuring
a high level of attendance and increased active participation by international
investors. Siemens used the opportunities offered by the digital format to
explain relevant events in the past fiscal year and to present report segments
and selected innovations that are key to the Company’s future success in an
engaging way. A corresponding authorization for a further two years will be
proposed to the 2025 Annual Shareholders’ Meeting.
Proposals for Supervisory Board membership
Upon
completion of the Annual Shareholders’ Meeting, the regular term of office for
three Supervisory Board members will end. These members are being proposed for reelection. In
addition, to improve the staggered timing of the appointments, an early
extension is proposed for one member.
Jim Hagemann Snabe (59), is nominated for a two-year extension and Werner Brandt (70) for an early extension until the end of the Annual Shareholders’ Meeting 2029, while Kasper Rørsted (62) and Grazia Vittadini (55) are both nominated for four-year extensions. Mark Schneider (59), the former CEO of Nestlé S.A. and Fresenius SE & Co. KGaA, is proposed for election for a four-year term, as a potential successor to Jim Hagemann Snabe. Martina Merz (61) has chosen to step down to pursue another supervisory board role.
“With the
proposed appointments, we will ensure continuation of a strong Supervisory
Board, while improving the staggered timing of appointments. I would like to
thank Martina Merz for her excellent contribution to Siemens,” said Jim Hagemann
Snabe. “I strongly believe that Mark Schneider will bring tremendous value to
the Supervisory Board of Siemens AG. His global experience in business
transformation and passion for technology are a strong fit for Siemens. If I am
fortunate to be reelected as Chair in February 2025, I plan to manage a
transition within the next two years. I made a commitment to effectively manage
my own succession and with Mark, we have an excellent candidate.”
Mark
Schneider is a German-American dual citizen who has held chief executive
officer, chief financial officer and business development roles at Haniel
Group, Fresenius Medical Care AG, Fresenius SE & Co. KGaA and,
most recently, Nestlé S.A. He has a track record of growth, portfolio
transformation and driving sustainability impact. He has a Doctorate in
Economics from the University of St. Gallen and an MBA from Harvard Business
School. He serves on the Board of Roche Holding AG as a non-executive director.
Dividend proposal
The Annual
Shareholders’ Meeting will also vote on, among other things, the dividend for
fiscal 2024. In line with Siemens’ progressive dividend policy, the Supervisory
and Managing Boards are proposing to the Annual Shareholders’ Meeting that the
dividend be increased to €5.20 from the prior-year level of €4.70. This
proposal reflects the successful performance in fiscal 2024 and confidence in
the future development of the company.
During the
general debate at the upcoming Annual Shareholders’ Meeting, shareholders may
connect per video to give an address or ask questions. They do not need to
submit their questions in advance. In addition, the main content of the
speeches to the Annual Shareholders’ Meeting given by the Supervisory Board
Chairman and the President and CEO will be published online in advance of the
event (publication expected by no later than February 5, 2025). Before the
Annual Shareholders’ Meeting, shareholders have until February 7, 2025, to
submit statements via e-mail to express their opinions on the topics that are
on the agenda.
For more
information, please see the Notice of Annual Shareholders’ Meeting, which was
published today and is available at www.siemens.com/agm.
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Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, mobility, and healthcare. The company’s purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a leading global medical technology provider pioneering breakthroughs in healthcare. For everyone. Everywhere. Sustainably.
In fiscal 2024, which ended on September 30, 2024, the Siemens Group generated revenue of €75.9 billion and net income of €9.0 billion. As of September 30, 2024, the company employed around 312,000 people worldwide on the basis of continuing operations. Further information is available on the Internet at www.siemens.com.